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Search Results 0 to 14 of about 15 (some duplicates have been removed)
be furloughed unless congress can come to an agreement by march 1st. the pentagon notifies congress today of its large-scale furlough plan should those cuts kick in. >>> let's head to wall street. jackie deangelis is at the new york stock exchange. >> good morning, natalie. another day, another cyber attack. this time on apple. authorities believe that the hackers that targeted facebook last week use d the same softwae to attack the mac computers of apple employees. all this, of course, coming on the heels of chrysler, jeep and burger king saying their twitter accounts were attacked. >>> meanwhile it isn't 1999 but investors are sure partying like it is, after nasdaq hit an all-time high. >>> generating some buzz after a facebook town hall chat with parents' magazine and a discussion focusing on joe biden's gun control efforts. >> if you want to protect yourself, get a double barrel shotgun. you don't need an ar-15. buy a shotgun. buy a shotgun. >> vice president says he has two shotguns of his own at his home in delaware. those dash cam videos from russia never seem to disappoint. take a look,
from nebraska addressed pentagon employees who will have to manage some $46 billion in reductions starting friday. >> we need to figure this out. you are doing that. you have been doing that. we need to deal with this reality. we've got ahead of us a lot of challenges. they are going to define much of who we are, not this institution only but our country. >> sreenivasan: hagel won senate confirmation yesterday, despite the opposition of most of his fellow republicans. he succeeds leon panetta, who had served in the top pentagon job since july of 2011. white house officials conceded today it's unlikely the government will avoid those looming, automatic budget cuts. a spokesman said president obama will meet friday with congressional leaders, but there was no indication that any deal is in the works. tomorrow, senate democrats will try to bring up a stop-gap bill to delay the cuts, but republicans could block the measure. at the vatican, pope benedict the sixteenth gave an emotional farewell in his last general audience-- a day before his retirement becomes official. we have a repor
. the former nebraska senator and vietnam combat veteran was sworn in at the pentagon today. and a $46 billion mandatory budget cuts that are scheduled to take place friday. the vatican today the first pope to resign in 600 years. and 140 people in st. peter's square. pope benedict xvi will step down and 2:00 eastern time. candidate of new pope will be selected has not announced. the statue of liberty and ellis island have been closed since superstorm sandy in october. interior secretary can salazar says repair work is continuing at a historic site by the security screening process for visitors has to be resolved before reopening date can be set. we have to find other things to do with people visiting yes. melissa: those are the headlines, thank you. gas prices continue to rise but could that mean more than a drain on your wallet? my next guest says if they continue to climb they could take the market. [talking over each other] melissa: this was really interesting. you put together ten factors that contribute to a slide in stocks, one of them was gas prices. let's talk about that first. what i
the pentagon, give others much more flexibility to minimize impact, minimize hurt versus maximizing it which is basically the last setup now. ashley: we're out of time. thank you so much. senator vitter thanks for joining us, we appreciate it. >> thanks, ashley. ashley: thank you. tracy: yeah. interesting right, that he and warren are on the same page. ashley: yes. very bipartisan effort there. too big to fail. tracy: still there. ashley: yep. tracy: more solid numbers on u.s. housing. is the recovery for real? s&p's david blitzer who help put together's today's case-shiller report will weigh in next. he doesn't think so. ashley: plus martha stewart's newest legal battles. will she have to rebuild her image again? that story coming up. but first as we do every day at this time, look how oil is trading. market is trading higher but the oil is starting to drop again at $92 a barrel. we'll be right back [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct sho
to severe cuts to the pentagon. you see just four states there including georgia and virginia which could lose more than 100,000 jobs each over the next ten years. cuts in grants to the states could lead to big reductions in food aid to the poor, low income energy assistance, child care and development and other social services as well. and really this is only the start. again, ten days left at this point. >>> now, we want to bring you some of the hottest stories of the day in a flash. we're keeping an eye on the jodi areas trial. she admits to the gruesome killing of travis alexander. late this morning her attorney began to lead arias through the weeks before the brutal killing. arias read an angry text from travis about a drawing that he had done which she left behind. >> imagine if i did that to you with something you gave me. give me a pardon from any madness. i don't need it. it's wearing me out and if it continues, just like i have to give you motivation to tell me the truth, i'll give you motivation to quit screwing with me. >> arias has given multiple versions of the killings. she
at the white house. he will also be honored at the pentagon on tuesday, after which he will come back here to minot, north dakota, and continue with his new job. meanwhile, the war in afghanistan continues. more than 60,000 american service members are right now in that country fighting that war.. i'm jake tapper for cnn in minot, north dakota. >>> new developments in the all-out man hunt for a suspected cop killer. right now police keting a california indian reservation. >>> and bracing for a snow making monster. a blizzard taking aim right now at the entire northeast. major cities like boston, right here in new york, smash dab in its path. thousands of flights have already been canceled. good morning. welcome to "early start" this morning. i'm christine romans. john berman is off today. >> thanks for joining us, everyone. i'm zoraida sambolin. it is friday, february 8th. it is 5:00 a.m. here in the east. let's get started. millions of people bracing for what could be a blizzard for the ages. take a look at the monster storm that's about to bury boston and bring misery to millions in the
. the pentagon notifies congress today of its large-scale furlough plan should those cuts kick in. >>> let's head to wall street. jackie deangelis is at the new york stock exchange. >> good morning, natalie. another day, another cyber attack. this time on apple. authorities believe that the hackers that targeted facebook last week use d the same softwae to attack the mac computers of apple employees. all this, of course, coming on the heels of chrysler, jeep and burger king saying their twitter accounts were attacked. >>> meanwhile it isn't 1999 but investors are sure partying like it is, after nasdaq hit an all-time high. >>> generating some buzz after a facebook town hall chat with parents' magazine and a discussion focusing on joe biden's gun control efforts. >> if you want to protect yourself, get a double barrel shotgun. you don't need an ar-15. buy a shotgun. buy a shotgun. >> vice president says he has two shotguns of his own at his home in delaware. those dash cam videos from russia never seem to disappoint. take a look, the driver was surprised to see that the vehicle came at the next ga
to see you. i wanted to put this up. this is what's on the cover of "usa today." pentagon warns of huge cuts. when you think about what's going on in washington, right now, and you think about the sequester that may or may not happen, and you think about your history in washington, do you think that we will have the sequester? >> andrew, i don't know. i think it's a very complicated situation. i think we had a great opportunity and i actually thought there was some reasonable chance it might happen, which was to have a grand bargain that could have addressed what is really unsustainable and deeply dangerous long-term fiscal situation and i think if we had done that, not only would be useful for the long run but i think could have generated confidence in the shorter run and promote jobs now. now instead of that we have a happen has 5rd process. a sequester we're facing. it's a terrible piece of legislation. it arbitrarily cuts defense and nondefense without thoughtfully doing so. instead of being phased in so we'd have more room for recovery, it hits abruptly. and it's far, far from clea
's not going to be any opportunity to cut pentagon spending in any serious way if you don't go over the cliff. so there is some stuff in there that i as a democrat don't like. but i think everybody's going to put something in the pot in order to balance the deficit. we did a lousy job in january on the tax side and i hope that -- i think it's better to go over the cliff than do a lousy job -- >> how many people do you know on your side of the field who actually agree with you? >> very few. look they're politicians. they want to spend as much money as they possibly can and they don't want to pay for it. >> who agrees with you? >> oh, i don't know. i bet -- oh, god, joe agrees with me. >> you forgot. the other thing, howard, and i'm just alluding to it, there will be no return to the bush era tax rates on anyone under $400,000? >> right. >> okay. so take that amount of money, whatever that is per year. how much do you need -- how many loopholes do you need to close? what is the marginal rate have to be on people above 400 to replace that potential revenue? it's 100%, isn't it? >> but i don't --
the president for lost funding in federal programs and the pentagon over ten years, should the sequestration take place. house speaker john boehner said, quote, today the president advanced an argument republicans have been making for a year. his sequester is the wrong way to cut spending. senate majority leader mitch mcconnell insisted "more than three months after the november election, president obama still prefers campaign events to common sense, bipartisan action." and joining us now for more on this from washington, the former chief economist of the international monetary fund and bloomberg view columnist, simon johnson. he's the co-author of "white house burning: our national debt and why it matters to you," now out in paperback. simon, good to see you this morning. >> nice to be with you. >> simon, if you could help us through this over the next week or so, it doesn't look like there's a path to avoiding the sequestration if you listen to the two sides. so how damaging would this be? because we've heard a couple different versions of it that would have immediate impacts, more than 75
Search Results 0 to 14 of about 15 (some duplicates have been removed)